The Internal Revenue Service (IRS) is continuing to target businesses in Boston and throughout Massachusetts in investigations involving alleged fraud under pandemic-era programs. This specifically includes alleged fraud under the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) program. Learn more from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

As promised, the Internal Revenue Service (IRS) is ramping up its efforts to audit businesses and high-income individuals. Shortly after last year’s tax season, the IRS announced plans to substantially increase its audit rates for these taxpayers—and so far, it is carrying through with its plans to do so. If you are a business owner or high-income taxpayer in Massachusetts, what does this mean for you? Boston tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.Read More

One of the key tax provisions in the One Big Beautiful Bill Act (OBBBA) is a provision that allows innovating companies to immediately deduct research and experimental (R&E) expenditures in tax years beginning January 1, 2025 or later. This largely reverts to the policy that was in place prior to the enactment of the Tax Cuts and Jobs Act in 2017, although there are some important changes of which businesses need to be aware. So, can your company fully deduct its R&E expenditures in 2025? Here are some important insights from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More